creeping inflation

Creeping Inflation

Low, persistent inflation over time. Creeping inflation generally is not noticed at first, but nevertheless reduces the value of a currency significantly. For example, if the inflation rate is 3%, prices will double in only 33 years.

Market players chose to play deaf on reports of higher price to earning (P/E) ratios, creeping inflation and political noise,' said Astro del Castillo, managing director at local fund management firm First Grade Finance.

The generally more optimistic feeling about the global economy combined with the low interest rate and creeping inflation environment, amongst other issues, is driving an increasing number of people to consider increasing their holdings of higher risk-higher return investments to maximise their wealth in 2014," said Green.

The AIC's Annabel Brodie-Smith said: "With volatile markets, a eurozone debt crisis, creeping inflation, fears of a double-dip recession and rising unemployment figures, it's a worrying time for investors and the general public alike.

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